Daily News Lanka reported that buoyed by Sri Lanka's new growth, TATA Steel wants to expand its presence in the country.

Mr Sunil Baskaran Executive in Charge Global Wires of India's TATA Steel Ltd said that "Now we are very comfortable about our long term commitment in Sri Lanka. We want to invest more here.”

Mr Baskaran added that "Sri Lanka has a bright future. We are now looking at investing here on a 10 to 15 year timeline and no less. We at Tata see the entire world and to us Sri Lanka is very promising. This is nothing compared to Europe.”

Responding to Baskaran, Minister Bathiudeen Minister of Industry and Commerce of Sri Lanka said that "We invite Tata Group to partner with the new Sri Lanka. We shall gladly afford any support that we can possibly provide you. You are already present here for some time as Lanka Special Steels, giving employment to 150 for which we thank you." Lanka Special Steels (LSS) started in Sri Lanka in November 2003.

Source - www.dailynews.lk

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